Funding CDRLF at $2M is of critical importance for CUs

NCUA’s Community Development Revolving Loan Fund (CDRLF) is a critically important program and should be fully funded at $2 million in fiscal year 2020, CUNA wrote to House and Senate appropriators this week. The House-passed Financial Services and General Government (FSGG) Appropriations Act for fiscal year 2020 provides $2 million for the CDRLF, but the FSGG bill […]

Data shows small business loan approvals at big banks hit new record high

Approval rates for small business loan applications rose to another post-recession record (27.9%) at big banks ($10 billion+ in assets), while approval percentages also stayed above 50% at small banks in September, according to the Biz2Credit Small Business Lending Index™ released recently. Credit unions’ approval rates fell to 39.7% in September, slipping from the 40% mark in August. The figure is a record low […]

ICYMI: CFPB to establish task force examining financial laws

The Consumer Financial Protection Bureau announced that it will establish a task force to examine ways to harmonize and modernize federal consumer financial laws. The bureau is accepting applications for members to serve on the task force. The Taskforce on Federal Consumer Financial Law will examine the existing legal and regulatory environment facing consumers and […]

Following cybersecurity protocol is key to protection

Credit unions are uber conscious of cybersecurity and can share information with their staff and members to help them protect their personal information. We’re already two weeks into the 16th annual National Cybersecurity Awareness Month, which kicked off on Oct. 1 with a new message to Own IT. Secure IT. Protect IT., reminding everyone of […]

Alabama CU leader Green on CUNA’s Recruitment Committee

The CUNA Recruitment Committee recently launched an effort to begin recruiting for certain open positions within the CUNA Board of Directors with Chairman Brad Green, president/CEO of Listerhill Credit Union at the helm. This marks the first time the trade association has actively sought candidates for board seats in which incumbents are not seeking re-election. […]